The Automotive Advisor Team

The Automotive Advisor Team Auto Market Update 11-16-2023

 Economic Update: The US Bureau of Economic Analysis (BEA) reported that consumer spending increased by 0.7% in September 2023, 0.4% in August 2023, and 0.8% in July 2023. According to a report by The Conference Board, the US economy is projected to enter a short and mild recession around the turn of the year due to falling consumer and business confidence, softening consumption…